LINK (Chainlink) rose 1.49% in the last 24 hours.

Gate News Bot news, on October 9th, according to CoinMarketCap data, LINK (Chainlink) is currently priced at $22.39, with a 24-hour pump of 1.49%, reaching a high of $23.67 and a low of $21.55. The 24-hour volume has reached $772 million. The current market capitalization is approximately $15.184 billion, an increase of $223 million compared to yesterday.

Chainlink is the core infrastructure of blockchain. As a platform for cross-chain communication, compliance, data, and computation, Chainlink is committed to connecting financial institutions and blockchain, providing secure data, cross-chain interoperability, and decentralized computing capabilities for advanced on-chain applications.

Important news about LINK recently:

1️⃣ Global Legal Entity Identifier Foundation (GLEIF) collaborates with Chainlink GLEIF has partnered with Chainlink to bring the world's largest and most trusted company ID database (containing over 3 million LEI records) onto the blockchain. This collaboration is expected to open new avenues for the adoption of digital assets globally and further enhance Chainlink's position in enterprise applications.

2️⃣ Layer 1 blockchain Plasma joins the Chainlink Scale program Plasma has officially joined the Chainlink Scale program and has adopted Chainlink as its official oracle provider. Plasma has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP), data streams, and data source services, which will support developers in building applications such as stablecoins on Plasma, thereby expanding the influence of the Chainlink ecosystem.

3️⃣ Chainlink continues to expand its applications in the DeFi field As more and more blockchain projects choose Chainlink as their oracle solution, the application of Chainlink in the decentralized finance (DeFi) sector continues to expand. This trend helps to enhance the utility and demand for LINK tokens, which may provide long-term support for its price.

From a technical perspective, the LINK price has shown a rise trend in the past 24 hours, breaking through the $22 level, indicating some upward momentum. However, considering the volatility of the overall cryptocurrency market, investors should remain cautious and pay attention to potential pullback risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.